BALANCE SHEET INFORMATION (Tables)
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12 Months Ended |
Mar. 31, 2025 |
Balance Sheet Related Disclosures [Abstract] |
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Schedule of manufacturing inventories |
Certain significant amounts included in the Company's consolidated balance sheets consist of the following (in thousands): | | | | | | | | | | | | | | Manufacturing inventories | March 31, | | 2025 | | 2024 | | | | | | | | | Manufactured finished goods | $ | 10,471 | | | $ | 7,074 | | | | | | | | | | | | | | | | Work in progress | 380 | | | 769 | | | | Raw materials | 9,485 | | | 9,910 | | | | Total manufacturing inventories | $ | 20,336 | | | $ | 17,753 | | | |
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Schedule of service inventories |
| | | | | | | | | | | | | | Service inventories | March 31, | | 2025 | | 2024 | | | Finished goods | $ | 1,189 | | | $ | 3,660 | | | | Component parts | 909 | | | 6,123 | | | | Total service inventories | $ | 2,098 | | | $ | 9,783 | | | |
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Schedule of property and equipment |
Property and equipment are carried at cost, less accumulated depreciation and amortization, computed on a straight-line basis over the estimated useful lives of the assets as follows: | | | | | | Machinery and equipment | 3 to 5 years | Computer equipment | 3 to 5 years | | | Other software | 3 years | Furniture and fixtures | 5 years | Other office equipment | 5 years | Leasehold improvements | Shorter of useful life or life of lease |
| | | | | | | | | | | | | | Property and equipment, net | March 31, | | 2025 | | 2024 | | | Machinery and equipment, and software | $ | 47,385 | | | $ | 49,095 | | | | Leasehold improvements | 13,529 | | | 12,473 | | | | Furniture and fixtures | 1,095 | | | 1,109 | | | | | | | | | | | | | | | | | 62,009 | | | 62,677 | | | | Less: accumulated depreciation | (50,631) | | | (50,649) | | | | Total property, plant and equipment, net | $ | 11,378 | | | $ | 12,028 | | | |
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Summary of carrying value of intangible assets |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Intangibles, net | | March 31, 2025 | | March 31, 2024 | | | | | Gross | | Accumulated Amortization | | Net | | Gross | | Accumulated Amortization | | Net | | | | | | | | | | | | | | | | | | | | | | | | | | Developed technology | | $ | 9,013 | | | $ | (9,013) | | | $ | — | | | $ | 9,013 | | | $ | (8,550) | | | $ | 463 | | | | | | | | Customer lists | | 4,398 | | | (4,117) | | | 281 | | | 4,398 | | | (3,192) | | | 1,206 | | | | | | | | | | | | | | | | | | | | | | | | | | | Intangible assets, net | | $ | 13,411 | | | $ | (13,130) | | | $ | 281 | | | $ | 13,411 | | | $ | (11,742) | | | $ | 1,669 | | | | | | | |
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Future expected amortization expense for intangible assets |
As of March 31, 2025, the future expected amortization expense for intangible assets is as follows (in thousands):
| | | | | | | | | Fiscal year ending | | Estimated future amortization expense | | | | | | | | | | | | | | | | Fiscal year 2026 | | $ | 281 | | Total | | $ | 281 | |
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Goodwill rollforward |
| | | | | | | | | | | | Goodwill | | Amount | | | | | | | Balance at March 31, 2024 | | $ | 12,969 | | Goodwill acquired | | — | | Balance at March 31, 2025 | | $ | 12,969 | |
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Schedule of other long-term assets |
| | | | | | | | | | | | | | Other long-term assets | March 31, | | 2025 | | 2024 | | | Capitalized SaaS implementation costs for internal use | $ | 13,910 | | | $ | 15,349 | | | | Capitalized debt costs | 2,871 | | | 1,923 | | | | Contract cost asset | 1,144 | | | 1,477 | | | | | | | | | | Other | 1,463 | | | 991 | | | | Total other long-term assets | $ | 19,388 | | | $ | 19,740 | | | |
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Schedule of other accrued liabilities |
| | | | | | | | | | | | | | Other accrued liabilities | March 31, | | 2025 | | 2024 | | | Accrued expenses | $ | 7,558 | | | $ | 4,251 | | | | Asset retirement obligation | 3,497 | | | 2,069 | | | | Accrued income taxes | 528 | | | 1,044 | | | | Accrued warranty | 1,032 | | | 1,545 | | | | Accrued interest | 350 | | | 524 | | | | Lease liability | 856 | | | 1,256 | | | | Other | 4,161 | | | 3,297 | | | | Total other accrued liabilities | $ | 17,982 | | | $ | 13,986 | | | |
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Schedule of accrued warranty balance |
The following table details the change in the accrued warranty balance (in thousands): | | | | | | | | | | | | | | | Year Ended March 31, | | 2025 | | 2024 | | | Balance as of April 1 | $ | 1,545 | | | $ | 2,094 | | | | Current period accruals | 2,333 | | | 2,563 | | | | Adjustments to prior estimates | 46 | | | (141) | | | | Charges incurred | (2,735) | | | (2,971) | | | | Reclassification to long-term warranty | (157) | | | $ | — | | | | Balance as of March 31 | $ | 1,032 | | | $ | 1,545 | | | |
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